BMW's revenue and profit were strong in 2017 and look to be strong again this year, even in the face of big R&D investments. But trade and diesel emission worries clouded the automaker's annual conference.
The purchase includes a 63-acre complex consisting of a 45 MMgy renewable jet/renewable diesel production facility, 1.7 million barrels of product storage, a truck rack with 28,000 barrels per day of throughput capacity, rail storage and pipelines.
Oil Minister Dharmendra Pradhan, in a written reply to a question put to him in the Lok Sabha, said private companies were allowed to sell petrol and diesel in March 2002. From April 2002, fuel pricing was also deregulated.
UPM is committed to creating value from sustainable bioinnovations. In addition to renewable diesel, the UPM Lappeenranta Biorefinery produces renewable naphtha—an excellent raw material for bioplastics.
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